WBTC thief spreads $71M loot across multiple crypto wallets
Stolen crypto from a $71 million wallet impersonation scam is on the move after six days of dormancy.
On May 3, an investor sent $71 million worth of Wrapped Bitcoin (WBTC) to a bait wallet address, falling victim to a wallet poisoning scam. The scammer created a wallet address with similar alphanumeric characters and made a small transaction to the victim’s account.
Like most investors, the victim validated the wallet address by matching the first and last few characters and transferred 97% of their total assets to it. However, the difference would have been noticeable in the middle characters, often hidden on platforms to improve visual appeal.
On May 8, blockchain investigation firm PeckShield noticed some of the stolen funds being laundered. The scammer started breaking down the loot into multiple parts and began sending it to multiple crypto wallets in parts.
Crypto scammers and hackers have historically been found to be most active during bull markets. Read Coincuatui’s learners’ guide on how to safely store cryptocurrencies.
Related: 4 tips that’ll keep your crypto safe from hackers this bull market
A new type of scam allows bad actors to drain users’ wallets without transaction approval.
The scam only works on tokens that comply with the ERC-2612 token standard, which allows for “gas-less” transfers or transfers by a wallet that does not hold ETH.
However, to enable approval-less transactions, the user must be tricked into signing a message. Coincuatui’s investigation found that the scam was orchestrated by a Telegram group that featured a fake version of the Collab.Land Telegram verification system.
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Nguồn: Cointelegraph
